$LYN down, target $0.021 by Wednesday. A close above $0.028 and I'm wrong.
The LYN perp is down 17.6% in 24h on 67M USD of volume, and retail is still 3.44 to 1 long. Funding sits at +0.005% per 4h, so longs keep paying to hold into the drop. Open interest fell 21.2% over 24h but is still 12M USD.
Leverage is leaving, not gone. Nobody got washed out yet.
Which comes first, $0.021 or $0.028?
The LYN perp is down 17.6% in 24h on 67M USD of volume, and retail is still 3.44 to 1 long. Funding sits at +0.005% per 4h, so longs keep paying to hold into the drop. Open interest fell 21.2% over 24h but is still 12M USD.
Leverage is leaving, not gone. Nobody got washed out yet.
Which comes first, $0.021 or $0.028?
